Category Archives: Business News

Boeing Shares in $15M Investment in Detect and Avoid BVLOS Radar Firm

Fortem Technologies, Inc., a Salt Lake City, Utah-based company developing advanced radar systems for unmanned and manned aircraft, announced that it has closed a $15 million Series A funding round led by DCVC (Data Collective) with key participation from Boeing and Mubadala Investment Company, as well as Manifest Growth, New Ground Ventures and founding investor, Signia Venture Partners. Continue reading

Insitu Names Esina Alic President and CEO

Esina Alic has been named Insitu President and Chief Executive Officer, assuming the role effective April 5.

Alic rejoins Insitu from adidas in Germany where she served as senior vice president of Global Operations, Strategy and Programs. Prior to adidas, she held a number of senior executive positions in business, finance and engineering at organizations ranging from start-ups to Fortune 50 companies. Continue reading

NATS and Altitude Angel Partner on UTM in UK

Richard Parker, Founder and CEO of Altitude Angel and Andy Sage, NATS Head of Drones

NATS, a UK air traffic services provider, and fast-growing UK-based drone traffic management solutions company Altitude Angel, have entered a strategic partnership that lays the foundation for a future whereby drones and manned aircraft could safely co-exist in the UK’s busy skies. Continue reading

Lockheed Martin Gets $150M Integrated High Energy Laser Weapon Systems US Navy Contract

The U.S. Navy awarded Lockheed Martin a $150 million contract, with options worth up to $942.8 million, for the development, manufacture and delivery of two high power laser weapon systems, including intelligence, surveillance and reconnaissance (ISR) and counter-Unmanned Aerial System (counter-UAS) capabilities, by fiscal year 2020. Continue reading